Privet Fund Management LLC (“Privet”) was organized on February 1, 2007, as a Delaware limited liability
company. Ryan Levenson, Managing Member, and Glover & Co. LLC, Member, each individually own
more than 25% and collectively own more than 50% of Privet. Glover & Co. LLC. is majority owned by
Sanford Taylor Glover.
Privet is the General Partner (“GP”) of Privet Fund, LP and investment manager (“Manager”) for Privet
Capital Investments II, LP; Privet Capital Investments III, LP; and Privet Capital Investments IV, LP (each
a “Fund” or collectively, the “Funds”). In its capacity as the GP and Manager of the Funds, Privet has
overall responsibility for managing and administering the business and affairs of the Funds and
implementing a continuous investment management program that includes trading decisions on behalf of
the Funds.
Privet Fund LP (“PFLP”) seeks to invest primarily in small and mid-sized public and private companies,
which the General Partner believes has the potential to achieve earnings, cash flow and returns beyond what
is expected by other investors in the market. PFLP also seeks to capitalize on perceived inefficiencies in
the marketplace by acquiring securities trading at low valuations relative to comparable larger companies.
PFLP offering memorandum allows for investments in larger public companies, private companies, debt
securities, convertible securities, options and warrants, foreign currencies, futures, and commodities.
PFLP’s investments can include securities or assets that are illiquid or lack a readily ascertainable value.
Additional investment information regarding the Fund’s
investment program is available in the PFLP
Confidential Private Placement Memorandum (the “PFLP Memorandum”).
Privet Capital Investments II, LP (“PCI2while currently closed to new investors, co-invest alongside Privet
Fund, LP. PCI2’s objective is to invest and deal in securities of a target company, which can be made
directly through one or more holding vehicles (the “Investment”). PCI2 can otherwise engage in
transactions in connection with mergers, consolidations, acquisitions, transfers of assets, tender offers,
exchange offers, recapitalizations, going-private transactions, restructuring transactions, liquidations or any
other similar restructuring with respect to the Investment.
Privet Capital Investments III, LP (“PCI3”) and Privet Capital Investments IV, LP (“PCI4”), while currently
closed to new investors, co-invest alongside PCI2. Additional investment information regarding the Fund’s
investment program is available in the respective Limited Partnership agreements.
All Funds’ investments are tailored to each of the respective Fund’s investment objectives and limitations
described in their private placement memorandum. Investment restrictions for the Funds are established in
the offering documents of the applicable Fund, which are provided to each investor prior to investing in the
Fund. Once invested in a Fund, investors cannot impose restrictions on the types of securities in which the
Fund invests. While the firm allows for side letters, the funds do not currently have any side letters.
As of December 31, 2023, Privet manages $352,053,346 in discretionary regulatory assets under
management.